Oi files for rights issue

Wednesday 12 September 2018 | 14:53 CET | News
Brazilian operator Oi has filed  with the US Securities and Exchange Commission its plans to issue up to USD 971.1 million in new common shares, as provided in its judicial recovery plan. According to the company, the shares will be offered to all holders of common or preferred shares of Oi, including the holders of American Depositary Shares. However, there is still no definition of the number of common shares to be offered, issue price and number of shares that each shareholder may subscribe.

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Categories: General
Companies: Oi
Countries: Brazil
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